Sun Art Retail Group Limited (06808) Proposes Amendments to Employee Trust Benefit Schemes

Bulletin Express11-14

Sun Art Retail Group Limited (06808) has issued a circular on 14 November 2025 outlining proposed amendments to its Employee Trust Benefit Schemes, namely the Auchan Scheme and the RT-Mart Scheme. The proposals include ceasing to grant new Trust Units, with existing Trust Units subject to specific guidelines for redemption and transfer. According to the circular, the company aims to align with strategic objectives by gradually reducing reliance on these schemes while preserving their value for employees.

An Extraordinary General Meeting is scheduled for 4 December 2025 at 5:00 p.m. in Hong Kong to consider approving these amendments. Shareholders noted on the register of members from 1 December 2025 to 4 December 2025 will be eligible to attend and vote. The Board has expressed the view that the proposed amendments serve the long-term interests of both the company and its shareholders. Details about the scheduled meeting, the principal terms of the schemes, and the transfer arrangements for Trust Units are provided in the circular, which further explains that the Trustee’s maximum equity interest in the underlying companies will remain capped at 15%. Potential disposal or buy-back terms for unvested or forfeited units are also addressed.

The Independent Non-executive Directors have confirmed that no Director has a direct or indirect interest in the Trustee. No shareholders are required to abstain from voting on the resolution. For full details, the circular and proxy form are available on the official websites of the Hong Kong Stock Exchange and Sun Art Retail Group Limited.

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Potential disposal or buy-back terms for unvested or forfeited units are also addressed.</p>\n<p>The Independent Non-executive Directors have confirmed that no Director has a direct or indirect interest in the Trustee. No shareholders are required to abstain from voting on the resolution. For full details, the circular and proxy form are available on the official websites of the Hong Kong Stock Exchange and Sun Art Retail Group Limited.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06808","symbol_name":"高鑫零售","start_time":0,"source_url":"","article_id":"1191886427","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191886427","pubTimestamp":1763110407,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Sun Art Retail Group Limited (06808) has issued a circular on 14 November 2025 outlining proposed amendments to its Employee Trust Benefit Schemes, namely the Auchan Scheme and the RT-Mart Scheme....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06808":"高鑫零售"},"translate_title":"高鑫零售集团有限公司(06808)建议修订僱员信讬福利计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06808":1},"content_text":"Sun Art Retail Group Limited (06808) has issued a circular on 14 November 2025 outlining proposed amendments to its Employee Trust Benefit Schemes, namely the Auchan Scheme and the RT-Mart Scheme. 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